30 September 2024

Stocks and Precious Metals Charts - Reckless Arrogance, Shameless Greed

 

“Pride is the beginning of sin. It was pride that changed angels into devils; and it is humility that makes men angels. There never has been, and never can be, and there never shall be any sin without pride.

Augustine of Hippo, The City of God

"We have now sunk to a depth at which the restatement of the obvious is the first duty of intelligent men.   It is not merely that at present the rule of naked force obtains almost everywhere.  Bully-worship, under various disguises, has become a universal religion."

George Orwell, Review of Bertrand Russell's Power, 1939

“Oh where is the noble face of modesty, or the strength of virtue, now that blasphemy is in power and men have put justice behind them, and there is no law but lawlessness, and none act with fear of the gods?”

Euripides, Iphigenia in Aulis

"No warning will suffice to powerful fools who, driven mad by hubris and lust for power, weave the hangman's ropes of their own destruction.  They preach the necessity of hardness, and practice the circumvention of the law for themselves and their associates in injustice.   But when the reckoning comes for them, as it eventually does, they always seem astonished, but unfortunately never to the point of speechlessness.  They will harangue fortune, and all those imaginary enemies who conspired to their downfall, to the bitter end.  The Western elite are in a denial, and a bubble of delusion, so profound that I am concerned that when reality intrudes their reaction will be mishandled, provocative, and likely to hasten a generational change that is already occurring and being fiercely resisted, slowly."

Jesse, Complicity of the Advantaged in the Nakedness of Kings, 19 February 2015

"Behind the concrete, the visible events, behind all objective, logical considerations, we find the irrational element: the struggle against the demon, against the servants of the Antichrist.  Everywhere and always demonic powers lurk in the dark, waiting for the moment when man is weak; when of his own volition he leaves his place in Creation, as founded for him by God in freedom; when he yields to the force of evil, he separates himself from the powers of a higher order; and after voluntarily taking the first step, he is driven on to the next and the next at a furiously accelerating rate."

The White Rose, Fourth Leaflet, Munich, 1942


Stocks were ranging broadly today, with noticeable losses in the early afternoon. 

But they found a 'footing'  and managed to rally back to post some gains by the close.

Look for more instances of this to occur, until at least the November election.

For we are in a time of managed perceptions, and the willful prophesying of illusions.

Gold and silver were sold lower, in anticipation of the Non-Farm Payrolls report on Friday.

Markets in China will be closed for the rest of this week for their 'Golden Week' holiday.

VIX continues to price in fantasy. 

If the lawless will strangle the truth, and murder innocents, rigging markets requires no exceptional effort.

Have a pleasant evening.